Ivaylo Donchev Executive Director CENTRAL COOPERATIVE BANK AD

Transcription

1 CENTRAL COOPERATIVE BANK AD ON SOLIDATED ST TEM NT OF FI N ANCIAL POSITION S OF 30 SEPT ' MB R 2012 All amounts are in thousand Bulgarian Levs ASSF ash and balance w ith the Central Bank Placements with and advances to banks Receivables under repurchase agreements Financial assets he ld for trading financial <lssets, recorded at fa ir value in the profit or loss Loans and advances to customers, net Other assets Financial assets available for sale Fi nancial assets held to maturity f ix ed assets Good will on-current assets he ld for sale I OTAL A ~SE T S , ,179 68,392 72,393 2,86 1,574,938 88, , , ,979 8, ,423 3,462, , ,785 32, ,777 1,449,769 75, , ,747 82,902 7,671,95 I 3, I I 0,670 LIABI LITIES AND SIIAREHOLDERS' EQUITY Ll BILIT IES Deposit fro m banks Loans from banks Liab ilities under repurchase agreements Amounts owed to other deposjlors Other attracted fun ds Other l!abilities TOTAL LIABILITIES SHAREHOLDERS' EQUITY Issued capital Premium reserve Reserves, including retained earnings Revaluation reserve urr nt year profit Total shareholders' equity of the shareholders of the mother Bank Non-control participation 4,367 51,588 9,861 3,023, , I 03, , I 54 79, , ,420 14,042 20,527 43,360 19,882 2,667, ,021 2,765, , ,590 (2,88 ) 11, ,532 6,589 TOTAL H RE}{ OLDER t ~QUI T Y 358, ,121 TOTAL LIABILITIES & SI-[ REIIO LD E ' EQUITY ,344 3,1 10,670 Commitments and contingencies Ivaylo Donchev Executive Director / 36, ,279 Yordan H ristov

2 ('I;:. T RA L COOPERATl E BANK AD CO NS OLI DATED ST T EMENT OF COMPRE HENSIV e fncom ;, AS 30 SEPTEMBER 2012 All amounts are in thousand Bulgarian Lcvs nterest income 128,885 In terest expenses (89, I07) Net interest income 39, I II,297 (75,55 3) Fees and commi. sions income 25,457 F e and ct)m missions expenses (3,6942 el fee and commi sions income 21,763 22,984 p, ,472 Gains from transactions with securities, net Fore ign exchange rate gains, net ther operati ng income, net Operating expenses lmpailment and uncollectability income (expenses), net 133 5,279 8,604 (6 9,9 13) ~ 2,128) 3,159 2,874 1,9 14 (67,347) Profi t ror the period before taxes 3,516 5,622 Taxes (1,0892 (1.136) 1,806 PROFIT FOR THE PERIOD 2,427 4,486 Revalu ation of financial assets held fo r sale Foreign exchange differences from con verting the reports from c ros ~-border activity 3,165 (232) (2) Other compreh nsive income after taxes 3,1 65 (230) TOTAL CO MP REH EN SIVE lncome AFTER TAXES , 716 Share of the profit for non-control participation Share of the profit for the mother Bank Share of the total coi mrehensive income for noncontrol participation Share ur the to tal comprehensive income for the mother Bank Ivaylo DOl1chev Executive Director Yordan Hristov r' /J Chi f accou 1 /(,/ /) the (222) 2,649 (256) 5,848 o. (780) 5,266 (810) 5, /

3 E TRAL COOPERATIVE BANK AD CO SOLIDAT ED STATEMENT OF CASH FLOWS AS AT 30 S _PTEMBER 2012 All ( moun ts nre in thousand Bulgarian Levs Cash no w ~ from ()perating activities: Profit before t x s Depreciation illhl amortization Incom <: tax paid Unrealized los: 'S/(gai ns) from revaluat ion of financial assets hel d for trading Unl'l:alizcd lo ses/(gai ns) from n:valuanon of financial assets. recorded at fair va lue in tile pro fit or loss!ncn;a ~e (dec case) of provis ions for li ab il ities and loans impa irment all owances Net cash flows before worki ng capi tal changes Change in operating assets : (Incrcase) I decrease in placement s with, and advances to, banks wi th maturities above 90 days (Incn:asc) / decrease in receivab les under repurchase agreements (Increase) I dccrease in financial assets held for trading (Increase) I decrcase in fin anc ial assets recorded at fair va lue in the profit or loss (In crease) Idecrease in loans and advances to customers (Increase) Idecrease in other assets (I ncrease) I decrease in non-current assets held for sa le Change in operating liabilities: Inerea:se / (decrease) in deposits hom banks Increase I (dccrense) in loan~ from bnnks in liabiliti es under rcpur'chase agreements In crc a ~c I (de cr~a s e ) Increase I (decrease ) in linb ilities to other depositors Increase I (decrease) in other attractecl fund s Increase / (decrease) in other liabilities NeT C. ' fj FLOWS FROlvI OPFRATI NG ACTIVITIES Cash flo\\'s from investing nctivities (Acq uisitions) / sa le of property, plant, and equipment, net (Acquisitions) of in vestmen ts in subsidi aries, net of the funds of th e sub sidiaries (AcqLlisitions) / sale of fin anci al assets nva ilable for sale, net (Acquisitions) / sale of fin anci al assets held to maturity, net NET CASH PLO WS USED I INVrSTING ACTIVITI ES IN REAS E IN 1-1 AND CASH EQ IV LENT. NET ASH A D CASH EQUIV LE T T THE BEGINN ING OF YEAR CI\ I-I At\D CASH EQUIV ALENTS AT TI-lE END OF Y E R I I 3, A (J.019) (1. 578) (3, 198) (3543) (2) 2,1 28 ( 1,806) (6,597) 12,90)j (35.948) 2 1,53 I 2, ,239 (7) ( I) ( ) ( ) ( 1!i.G6 1) 43 (54 0) (165,083 ) (74,636) ( ) IUIA T (10.021) (2,242) 265, , (25 8) ( I,( 82) (640) (12.906) (5,026) 55,915 52,733 (99,29'J) (5,209) ( 11,(27) <)0,533 ( 115,3 52) 179, , , ,056,985 9! 3,995 Ivay lo D nch ev xecutiv e D irector Tihomir

4 CENTRAl. COOPERATIVE BAN K AD CONSOLIDATED STATEMENT OF Cl langes IN SHAREHOLDERS' EQUITY AS OF 30 SEPTEMBER All amounts are in thousand Bul garian Levs Iss ued paid in capital Prem ium reserve Reserves, including retained earnin~ R ~va l uuti an reserve Pro li t lor the year M in ority 13l1 lcidatl on I,)tal 13 ALA NCE AS OF 3 1 DECEM 13 ER 20 I0 83, , ,650 (3, 865) 28, ;8435 Transfer of nct pro fit for the year ended 31 December 2010, to retained earnings Net profit for the period endcd 30 September 20 1 I Other comprehensive income for the period ended 30 September ,(1) (, (2 8,606) 260 5,266 Merger of one subsidiary into another s ub s idi ar~ Othcr mowmcnts 13 i\lance AS OF 30 SEPTEM 13 ER , , 825 (3.605) BALANCIO AS OF 31 DEer-MOCR , (2.88-1) ) Transfer of net profit fo r th e year end ed 31 December 20 11, to retained earnings 11,228 ( 11,228) Net prollt for th e period ended 30 September ,649 (222) ,735 Acquisition of a subsidiary 14 7,74,) Other comprehensive inco me for th e period ended 30 September ,225 (60) 3,165 BALANC E AS ~~ ER ,154 9,444 OF 30 S E P r l =====",;1~48~;,;83~ ' Ivaylo Donchcv ~ '/~/ Execlitive Directo r t~ ~~# , ,462 Y ordan H ristov Chief a7ft~n _ ~... (A. ~:~.../

5 EXPLANATORY NOTES T O T HE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THIRD QUARTER OF 2012 OF CENTRAL COOP i RATIVE BAN K AD The prescnt explanatory notes to the interim consolidated financial statements of Central Cooperative Bank AD, Sofia (the mother Bank) concern the activitv of Central Cooperative Banl< AD, 'ofia and the su bsidiaries, controlled by it: Central Cooperative Bank AD, kopjc, the Republic of Macedonia (subsidiary), CCB Assets Management EAD (subsidiary) add ZAO AKB "TatInvestBank", Kazan, the Republic of Tatarstan, Russian Federation (s ubsidiary) as a single reporting unit (the Group). I Information about the accounting policy During the third quarter f the Group applied the sam a counting po li cy and the same methods of val uation, as upon the preparation of the annual consolidated financial statements for Duri ng the third quart r of 2012 the financial assets, held for trading and fo r s Ie are evaluated at fair value, when for them there is a quotation on an active marl et. and when this quotatio n is not present, they are evaluated at acquisition co.t. During the third quarter of 2012 th fi nancial assets, held to maturity are r ported at amortize j valu according to the effective interest rate method and are not deval uated due to the 1< ck of indicators of the potential devaluation of these assets. During the third quarter of 2012 the loans with a fi, ed maturit, which initially originated at the Bank, are record d at amortized value according to the effecti e inter st rate method and are devaluated under conditions. proving the decrease in the loans value. During the third quarter of 2012 th Group performed everyday revaluation of all foreign exchange as ets and liabilities and conditional positions according to ti BNB reference rate [0 the respe tive da. 2. Information about the seasonality or cycles of the interim operations During the third quarter of 2012 no interim operations were performed, stemming from the specific seasonality or cycles. All the int rim operations during this period stem from the ordinary activity of the Group. 3. Information about unusual in amount and character assets, liabilities, shareholders: equity, income and expenses. During the third quarter of no xtraordinary positions occurred with regard to the assets, li abil ities, the shareholders' equity, the income and expenses. The total ass"ts in the report on the financial condition of lhe Group as at increased c mpared to , whereas th increase is by %. The increase in total assets of the Group is mainly due to the incr ase in the attracted funds as deposits from non-financial institutions and other clients. In this quarter no operations were recorded associated with the extraordinary items of the statement of the comprehensive income, as a result of whi h the financial result as at

6 comes only from income and expenses, concerning the ordinary activity of the Group. In the third quarter of 20 t2 there is no change in the shareholder participation of the mother Bank in the ubsidiary Central Co perative Bank AD, Skopje, the Republic of Macedonia, as a resul t of which as at 30 September 2012 Central ooperative Bank AD Sofia has 483, 121 ordinary shares f th e capital of Central Cooperative Bank AD Skopj e the Republic of Macc:doni" which is 87,3 5 % of the capital ofthe subsidiary. During the third quarter of there is no change in the shareholder participati n of the mother Bank in the ubsidiary "CCB Assets Management" EA, as a resul t or which as at 30 ~ c p tem b er Central Cooperative Bank AD Sofia has ordinar shares of the capital ["CCB A sets Management" EAD, which is 100 % of the capital ofthe subsidiary. During the third quarter of Central Cooperative ank AD, S fia acquires ordinary shares in the subsidiary ZAO AKB "TatinvestBank", Kazan, th. Republi c of Tatarstan, Russian ederation, as a result of which as at 30 September entral 'ooperative Bank AD, Sofi a has ordinal' shares in the capital of ZAO AKB "TatInvestBank", Kazan, the Republic of Tatarstan, Rus ian Federation, which is % of th capital of the subsidiary. 4. Information about the issued, repurchased and r paid debt and equity securities. During the third uarter of 2012 the Group does not have any issued, repurchased or repaid ebt and capital securities. 5. Information about the accrued /paid / dividends. Duri ng the third quarter of the Group did not accrue and did not pay di vidends to its shareholders. 6. Events after the statements date After the end of the third quarter of no events have occurred, which have a si gnificant impact on the future development of the Group. 7. fnfo rmation about the changes in the conditi onal a sets and liabilities During the third quarter of compared to there are changes in the directi n f a decrease in the conditional assets of the Group, concerning mostly the assets provided by the cl ients as loan collateral. With respect to the conditional liabilities during the period there are changes in the direction of a decrease in liabil ities amollnt compared to , whereas th de rea 'e concer s provid d by the Bank guarantees and -commitments under concluded contracts for the gr nting of loans. frw! II~Wf/f1 Ivaylo Donchev Executive Director Y0 Yordan Hristov Chief account \ / '.;: ). / j..~